Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag The Pentagon is investing $1B in L3Harris’ missile unit to boost production and create a public defense company by late 2026.

flag The U.S. Department of Defense is investing $1 billion in L3Harris Technologies’ missile business via a convertible preferred security to accelerate production of solid rocket motors for key defense systems like Tomahawk, Patriot, THAAD, and Standard Missile. flag The investment will support the spin-off of the missile unit into a standalone, publicly traded company expected to go public in late 2026, with L3Harris retaining control. flag The move, part of a broader Pentagon strategy to strengthen the defense industrial base, aims to boost supply chain resilience, reduce reliance on long-term contracts, and streamline procurement. flag The government will act as an anchor investor, enabling long-term agreements and addressing production bottlenecks. flag The deal follows similar efforts with Lockheed Martin to expand missile output and reflects a shift toward direct government involvement in strategic defense suppliers.

19 Articles